Investors have sought to pull roughly $13 billion from over a dozen funds so far this quarter. But since the vehicles can cap withdrawals at 5% of net assets per quarter, they’ve been able to access only about two-thirds of that amount.
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Trapped in private credit, investors wait to pull out $5 billion
“The market expects redemption requests to continue to increase in the coming quarters,” said John Cocke, deputy chief investment officer of credit at Corbin Capital Partners.
